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  3. Cost of Living & Prices: Mexico vs. Panama

Cost of Living & Prices:
Mexico vs. Panama

Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.

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Table of contents

Grocery

EURUSDMXN

Mexico vs. Panama - grocery purchase prices. You would pay on average 1.04 times less for grocery shopping in Mexico than in Panama.

Apples (1kg)

One kilogram of apples costs 2.27 EUR (2.38 USD) in Mexico and 2.91 EUR (3.04 USD) in Panama. The price of this product is 22% lower in Mexico.

2.27 EUR
2.91 EUR

Banana (1kg)

1 kilogram of bananas costs 1.18 EUR (1.23 USD) in Mexico and 1.21 EUR (1.27 USD) in Panama. The price of this product is 2.5% lower in Mexico.

1.18 EUR
1.21 EUR

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

One kilogram of beef or similar meat costs 8.77 EUR (9.18 USD) in Mexico and 7.76 EUR (8.12 USD) in Panama. The price of this product is 11.5% lower in Panama.

8.77 EUR
7.76 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 10.29 EUR (10.77 USD) in Mexico and 8.61 EUR (9 USD) in Panama. The price of this product is 16.3% lower in Panama.

10.29 EUR
8.61 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 5.96 EUR (6.23 USD) in Mexico and 6.48 EUR (6.78 USD) in Panama. The price of this product is 8% lower in Mexico.

5.96 EUR
6.48 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 3.28 EUR (3.43 USD) in Mexico and 5.53 EUR (5.78 USD) in Panama. The price of this product is 40.7% lower in Mexico.

3.28 EUR
5.53 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 1.3 EUR (1.35 USD) in Mexico and 1.09 EUR (1.14 USD) in Panama. The price of this product is 16.2% lower in Panama.

1.30 EUR
1.09 EUR

Eggs (regular) (12)

You will pay 1.81 EUR (1.9 USD) for 12 eggs in Mexico and 2.05 EUR (2.14 USD) in Panama. The price of this product is 11.7% lower in Mexico.

1.81 EUR
2.05 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 2.42 EUR (2.53 USD) in Mexico and 1.68 EUR (1.76 USD) in Panama. The price of this product is 30.6% lower in Panama.

2.42 EUR
1.68 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

A 0.7 liter bottle of Johnnie Walker Red Label whiskey costs 22.93 EUR (23.98 USD) in Mexico and 21.55 EUR (22.54 USD) in Panama. The price of this product is 6% lower in Panama.

22.93 EUR
21.55 EUR

Lettuce (1 head)

One head of lettuce costs 0.89 EUR (0.93 USD) in Mexico and 1.82 EUR (1.9 USD) in Panama. The price of this product is 51.1% lower in Mexico.

0.89 EUR
1.82 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 1.79 EUR (1.88 USD) in Mexico and 2.09 EUR (2.19 USD) in Panama. The price of this product is 14.4% lower in Mexico.

1.79 EUR
2.09 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 7.39 EUR (7.73 USD) in Mexico and 9.3 EUR (9.73 USD) in Panama. The price of this product is 20.5% lower in Mexico.

7.39 EUR
9.30 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.22 EUR (1.28 USD) in Mexico and 1.54 EUR (1.61 USD) in Panama. The price of this product is 20.8% lower in Mexico.

1.22 EUR
1.54 EUR

Onion (1kg)

One kilogram of onions costs 1.36 EUR (1.42 USD) in Mexico and 1.86 EUR (1.95 USD) in Panama. The price of this product is 26.9% lower in Mexico.

1.36 EUR
1.86 EUR

Oranges (1kg)

One kilogram of oranges costs 1.32 EUR (1.38 USD) in Mexico and 2.49 EUR (2.6 USD) in Panama. The price of this product is 47% lower in Mexico.

1.32 EUR
2.49 EUR

Potato (1kg)

One kilogram of potatoes costs 1.45 EUR (1.52 USD) in Mexico and 1.86 EUR (1.95 USD) in Panama. The price of this product is 22% lower in Mexico.

1.45 EUR
1.86 EUR

Rice (white), (1kg)

One kilogram of white rice costs 1.29 EUR (1.35 USD) in Mexico and 1.73 EUR (1.81 USD) in Panama. The price of this product is 25.4% lower in Mexico.

1.29 EUR
1.73 EUR

Smirnoff Red Label Vodka 0.7 Litre

A 0.7 liter bottle of Smirnoff Red Label vodka costs 12.49 EUR (13.06 USD) in Mexico and 9.39 EUR (9.82 USD) in Panama. The price of this product is 24.8% lower in Panama.

12.49 EUR
9.39 EUR

Tomato (1kg)

One kilogram of tomatoes costs 1.43 EUR (1.49 USD) in Mexico and 2.8 EUR (2.93 USD) in Panama. The price of this product is 48.9% lower in Mexico.

1.43 EUR
2.80 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 0.74 EUR (0.78 USD) in Mexico and 1.43 EUR (1.5 USD) in Panama. The price of this product is 48.3% lower in Mexico.

0.74 EUR
1.43 EUR

Restaurant

EURUSDMXN

Mexico vs. Panama - expenses on meals in restaurants. You would pay 1.25 times less for meals in restaurants in Mexico than in Panama.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 2.48 EUR (2.59 USD) in Mexico and 3.15 EUR (3.29 USD) in Panama. The price of this product is 21.3% lower in Mexico.

2.48 EUR
3.15 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 0.93 EUR (0.97 USD) in Mexico and 1.45 EUR (1.52 USD) in Panama. The price of this product is 35.9% lower in Mexico.

0.93 EUR
1.45 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 2.34 EUR (2.45 USD) in Mexico and 1.91 EUR (2 USD) in Panama. The price of this product is 18.4% lower in Panama.

2.34 EUR
1.91 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 3.46 EUR (3.62 USD) in Mexico and 3.35 EUR (3.5 USD) in Panama. The price of this product is 3.2% lower in Panama.

3.46 EUR
3.35 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 6.01 EUR (6.29 USD) in Mexico and 6.69 EUR (7 USD) in Panama. The price of this product is 10.2% lower in Mexico.

6.01 EUR
6.69 EUR

Meal for 2 People, Mid-range Restaurant, Three-course

A three-course meal for two people at a mid-range restaurant costs 35.56 EUR (37.19 USD) in Mexico and 47.81 EUR (50 USD) in Panama. The price of this product is 25.6% lower in Mexico.

35.56 EUR
47.81 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 7.02 EUR (7.34 USD) in Mexico and 7.65 EUR (8 USD) in Panama. The price of this product is 8.2% lower in Mexico.

7.02 EUR
7.65 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 0.67 EUR (0.7 USD) in Mexico and 1.14 EUR (1.19 USD) in Panama. The price of this product is 41.2% lower in Mexico.

0.67 EUR
1.14 EUR

Fuel

EURUSDMXN

Mexico vs. Panama - expenses related to fuel. You would pay 1.49 times more for fuel in Mexico than in Panama.

Diesel 1L

A liter of diesel costs 1.26 EUR (1.31 USD) in Mexico and 0.79 EUR (0.82 USD) in Panama. The price of this product is 37.3% lower in Panama.

1.26 EUR
0.79 EUR

Gasoline 1L

A liter of gasoline costs 1.25 EUR (1.31 USD) in Mexico and 0.9 EUR (0.94 USD) in Panama. The price of this product is 28% lower in Panama.

1.25 EUR
0.90 EUR

Transportation

EURUSDMXN

Mexico vs. Panama - costs of transportation and public communication. You would pay 2.41 times less for transportation in Mexico than in Panama.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 14.24 EUR (14.89 USD) in Mexico and 28.68 EUR (30 USD) in Panama. The price of this product is 50.3% lower in Mexico.

14.24 EUR
28.68 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 0.28 EUR (0.29 USD) in Mexico and 0.33 EUR (0.35 USD) in Panama. The price of this product is 15.2% lower in Mexico.

0.28 EUR
0.33 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 5.61 EUR (5.87 USD) in Mexico and 19.12 EUR (20 USD) in Panama. The price of this product is 70.7% lower in Mexico.

5.61 EUR
19.12 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 0.47 EUR (0.49 USD) in Mexico and 1.91 EUR (2 USD) in Panama. The price of this product is 75.4% lower in Mexico.

0.47 EUR
1.91 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 0.94 EUR (0.98 USD) in Mexico and 1.91 EUR (2 USD) in Panama. The price of this product is 50.8% lower in Mexico.

0.94 EUR
1.91 EUR

Sports & entertainment

EURUSDMXN

Mexico vs. Panama - costs related to entertainment and sports.

Cinema, International Release, 1 Seat

The ticket price for a foreign film in the cinema is 4.21 EUR (4.4 USD) in Mexico and 5.74 EUR (6 USD) in Panama. The price of this product is 26.7% lower in Mexico.

4.21 EUR
5.74 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 41.91 EUR (43.84 USD) in Mexico and 44.07 EUR (46.09 USD) in Panama. The price of this product is 4.9% lower in Mexico.

41.91 EUR
44.07 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 19.07 EUR (19.94 USD) in Mexico and 26.11 EUR (27.31 USD) in Panama. The price of this product is 27% lower in Mexico.

19.07 EUR
26.11 EUR

Flats for rent

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Mexico vs. Panama - costs of renting an apartment. You would pay about 1.01 times less for renting an apartment in Mexico than in Panama.

Apartment (1 bedroom) in City Centre

For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 714.07 EUR (746.84 USD) in Mexico and 743.51 EUR (777.64 USD) in Panama. The price of this product is 4% lower in Mexico.

714.07 EUR
743.51 EUR

Apartment (1 bedroom) Outside of Centre

For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 432.31 EUR (452.16 USD) in Mexico and 438.72 EUR (458.86 USD) in Panama. The price of this product is 1.5% lower in Mexico.

432.31 EUR
438.72 EUR

Apartment (3 bedrooms) in City Centre

For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 1390 EUR (1453.73 USD) in Mexico and 1393 EUR (1456.58 USD) in Panama. The price of this product is 0.2% lower in Mexico.

1 390 EUR
1 393 EUR

Apartment (3 bedrooms) Outside of Centre

For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 811.46 EUR (848.71 USD) in Mexico and 794.3 EUR (830.76 USD) in Panama. The price of this product is 2.1% lower in Panama.

811.46 EUR
794.30 EUR

Flats for sale

EURUSDMXN

Mexico vs. Panama - costs of purchasing an apartment. You would pay 1.31 times more for buying an apartment in Mexico than in Panama.

Price per Square Meter to Buy Apartment in City Centre

For one square meter of an apartment in the city center you will pay 2456 EUR (2569.09 USD) in Mexico and 1949 EUR (2038.66 USD) in Panama. The price of this product is 20.6% lower in Panama.

2 456 EUR
1 949 EUR

Price per Square Meter to Buy Apartment Outside of Centre

For one square meter of an apartment outside the city center, you will pay 1601 EUR (1674.94 USD) in Mexico and 1158 EUR (1210.68 USD) in Panama. The price of this product is 27.7% lower in Panama.

1 601 EUR
1 158 EUR

Salary

EURUSDMXN

Mexico vs. Panama - average salary. The average salary in Mexico is 1.17 times lower than in Panama.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 618.07 EUR (646.44 USD) in Mexico and 724.1 EUR (757.34 USD) in Panama. The average salary is 14.6% lower in Mexico.

618.07 EUR
724.10 EUR

Hotels

EURUSDMXN

Mexico vs. Panama - prices of accommodation in hostels, guesthouses, and hotels.

One star

22.7 EUR
53 EUR

Two stars

92.3 EUR
113 EUR

Three stars

134 EUR
168 EUR

Four stars

281 EUR
167 EUR

Five stars

766 EUR
284 EUR

Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Mexico: 20 cities, 1284 hotels • Panama: 6 cities, 124 hotels

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